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Just wondering if someone out there could give me details on possible scenarios for MESA stock. Can they completely shut down trading on a stock that trades several million shares a day (even in bankruptcy)?
1 posted on 01/07/2010 9:02:22 PM PST by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

Trust me, run from that stock and trade.

The way to make money in the market is to get rich slow.
- Buy a company with a strong history of earnings and sales growth
- Make sure it has substantial cash to debt
- Make sure it has a return on equity of at least 12%
- Make sure annual historic capital expense is not more than 1/3 of earnings per share
- Buy at a pe no more than the return on equity percent and no more than 18.

I just spent 4 weeks looking at 2400 stocks and 98 met this goal. I then bought a four of them.

Research, Research, Research, Research


2 posted on 01/07/2010 9:10:31 PM PST by joinedafterattack
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To: MeneMeneTekelUpharsin

Pink sheet FAQ:

http://www.pinksheets.com/pink/otcguide/issuers_getquoted.jsp

I stay away from pinksheet stocks myself. My impression of the market is that it is even more crooked than the standard fare.


3 posted on 01/07/2010 9:14:22 PM PST by freespirited (People talk about "too big to fail." Our government is too big to succeed. --Chris Chocola)
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To: MeneMeneTekelUpharsin

You may need to forget this stock, it’s done. If the cost of selling it out was even $10, it would require 221 shares just to pay the broker to dump it.


4 posted on 01/07/2010 9:15:49 PM PST by HighWheeler
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To: MeneMeneTekelUpharsin

Run away from the pink sheeets. Few things in this country are more corrupt than the “trading” on pink sheets.

If you care to lose your money, go for it.


9 posted on 01/07/2010 11:44:38 PM PST by Cedar
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